September crude oil closed down $0.98 at $74.44 a barrel yesterday. Prices closed nearer the session low yesterday. Bears have the slight near-term technical advantage. The next near-term upside price objective for the bulls is producing a close above psychological resistance at $80.00 a barrel. The next near-term downside price objective for the crude oil bears is to produce a close below solid technical support at $72.00. First resistance is seen at $75.00 and then at $75.50. First support is seen at this week's low of $73.83 and then at $73.50.

Wyckoff's Market Rating: 4.0.

Source: VantagePoint Intermarket Analysis Software

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September heating oil closed down 195 points at $2.0054 yesterday. Prices closed nearer the session low. Bears have the near-term technical advantage. The bulls' next upside price objective is closing prices above solid technical resistance at $2.1000. Bears' next downside price objective is producing a close below solid technical support at the July low of $1.9420. First resistance lies at yesterday's high of $2.0419 and then at $2.0500. First support is seen at this week's low of $1.9821 and then at $1.9500.

Wyckoff's Market Rating: 4.0.

September (RBOB) unleaded gasoline closed down 313 points at $1.9299. Prices closed nearer the session low yesterday. Bears have the overall near-term technical advantage. The next upside price objective for the bulls is closing prices above solid technical resistance at $2.0500. Bears' next downside price objective is closing prices below solid support at the May low of $1.8866. First resistance is seen at $1.9500 and then at this week's high of $1.9715. First support is seen at yesterday's low of $1.9195 and then at this week's low of $1.9089.

Wyckoff's Market Rating: 4.0.

September natural gas closed down 6.7 cents at $4.172 yesterday. Prices closed nearer the session low yesterday, hit a fresh three-month low and scored a bearish "outside day" down on the daily bar chart. The bears have the solid overall near-term technical advantage. A two-month-old downtrend is in place on the daily bar chart. The next upside price objective for the bulls is closing prices above solid technical resistance at $4.70. The next downside price objective for the bears is closing prices below solid technical support at the May low of $4.14. First resistance is seen at $4.25 and then at this week's high of $4.35 and then at $4.40. First support is seen at $4.14 and then at $4.10.

Wyckoff's Market Rating: 2.0.